If you are going to pay your cards off to reduce your utilization before a refi, make sure that you do it well enough in advance.

Check your state laws because I think you can charge 2x the first year but after that you have to reduce it to one month of rent.More important is solid screening, then policies and procedures to keep tenants on track so they don't get out of control.

Reduced asking price by $13k to cover the roof.

Also, the University had some major challenges during the Pandemic, reducing their available programs as enrollment dropped.Anecdotally, I have a friend who bought two adjacent houses to turn into University rentals.

Burdened with a vulnerable and helpless feeling, I agreed to accept ABC Baltimore’s reduced offer of $95k and closed the buy—back with ABC (we still had to pay closing costs).

I am considering buying another rental in my name that will generate a loss but will help me build equity and reduce my taxes.

These deductions are what we want to focus on.Deductions help REDUCE your taxable income.

You could buy out the PPP or get a higher rate to reduce the PPP years. 

By identifying and classifying the various components of a property, it may be possible to accelerate the depreciation of certain items and potentially reduce your tax liability.It is important to note that the rules around cost segregation and depreciation can be complex, and it may be beneficial to work with a qualified tax professional to determine the best approach for your specific situation.

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